Step 1:The market value of the property is taken into consideration for purpose of stamp value calculation. Under no condition shall it be lower than the minimum valuation determined by the Govt. under ?BIHAR STAMP? (PREVENTION OF UNDERVALUATION OF INSTRUMENTS) RULES 1995.

Step 2:Citizen purchases stamp paper eitherCitizen purchases stamp paper either from District Treasury or from local stamp vendors.

Step 3:The legal registration document and certificates to be enclosed with the document are prepared. Duplicate copy of the document is also attached with the document to be retained by the office as records.

Step 4:These documents are presented to the Sub-Registrar of the jurisdiction.

Step 5:The Sub-Registrar scrutinizes the documents, reviewing the valuation of the property, calculation of stamp duty, registration Fees & miscellaneous fees if applicable. Payment of deficit stamp duty, if any, is required.

Step 6:Final document certified by the citizen before the Sub-Registrar and two witnesses.

Step 7:Copies are posted to 2 indexes (by name and property) and accounts and reports.

Step 8:The document is returned to the citizen

Application Context

Registration of document changes in ownership and transactions involving immovable property is governed by the Indian Stamp Act of 1899. Deeds of various kinds are required by law to be written on stamp paper of prescribed value. Certain transactions require a fixed duty. For others the ad valorem method is used, whereby the stamp duty is a percentage of the property value or loan that is the subject of the instrument. The ad valorem method ensures that inflation will not erode the value of stamp revenues. This method accounts for over 90% of the total revenue from stamp duty. In Jharkhand Registration is carried out at the office of the District Sub-Registrar at the district level Sub Registrar at the mufassil level. In Jharkhand there are 22 District Sub-Registrar offices & 7 Sub Registrars office that register approximately 1.8 Lakhs documents per year.